Billionaire Adelson to give $10 mln to pro-Romney Super PAC-report

WASHINGTON, June 13 (Reuters) - U.S. casino magnate SheldonAdelson, whose millions helped prop up the now-defunctpresidential bid of Newt Gingrich, is ready to give another $10million to the Super PAC backing presumed Republican nomineeMitt Romney, the Wall Street Journal reported on Wednesdayciting sources with knowledge of the matter.

The donation would make the billionaire Las Vegas gamblingmogul the largest donor to the so-called "super" politicalaction committee (PAC) Restore Our Future.

Restore Our Future does not comment on its donors ordonations and Adelson's spokesman could not be reached forcomment.

Adelson and his family earlier this year shelled out $21.5million to virtually single-handedly keep afloat the Super PACbacking former House of Representatives Speaker Gingrich.

As Gingrich's campaign faded, people close to Adelson saidhis ultimate goal was defeat of Democratic President BarackObama, meaning Adelson would throw his support, both politicaland financial, behind Romney.

Late in May, Romney and Adelson met at Adelson's VenetianHotel in Las Vegas, but no details of the meeting have beendisclosed.

By law, Super PACs and campaigns are not allowed to directlycoordinate, allowing Super PACs freedom to raise and spendunlimited funds, while campaign donations are capped at $5,000total, split between primary and general election.

Candidates can encourage donors to give to supportive SuperPACs, but their solicitations must be capped at the limitsallowed for campaigns.

Politically, Adelson, who is a director at the RepublicanJewish Coalition, seeks a stronger U.S. defense of Israel'ssovereignty and has called Obama's positions too soft. In a rareinterview with Forbes magazine in February, Adelson also said hehad concerns about Obama's economic policies.

"What scares me is the continuation of the socialist-styleeconomy we've been experiencing for almost four years," he said."That scares me because the redistribution of wealth is the pathto more socialism, and to more of the government controllingpeople's lives."